Devon Gorry, John Gilbert
Abstract
In this sheet we set up a basic Cournot duopoly with linear demands and constant marginal costs. The contruction is described along with potential exercises in Devon Gorry and John Gilbert "Numerical Simulations of Competition in Quantities" (International Review of Economics Education).
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In this sheet we set up a basic Cournot duopoly with linear demands and constant marginal costs. The contruction is described along with potential exercises in Devon Gorry and John Gilbert "Numerical Simulations of Competition in Quantities" (International Review of Economics Education).
Key concepts: Cournot competition, Duopoly, Competition (biology), Marginal cost, Economics, Constant (computer programming), Bertrand competition, Set (abstract data type)